‘Impossible’ for Saudi to reduce oil output: minister

SHAFAQNA – Saudi Arabia, the largest producer in the OPEC oil cartel, cannot reduce its output, the kingdom’s oil minister said on Thursday despite plunging prices. “It is difficult, or even impossible, for Saudi Arabia or OPEC to undertake any measure that would lead to a reduction in (their) share of the market and an increase in that of others” who do not belong to the cartel, Ali al-Nuaimi said, quoted by the official Saudi Press Agency.